TLSYY - Telstra Looks Attractive At This Price
Shareholders of Telstra (TLSYY) have not had many reasons to cheer lately as they watched their shares decline more than 50% over the last 4 years. Telstra pays a robust dividend which may be one of the reasons why it deserves a second look after the decline. Currently, the company offers about 7% dividend yield which is well supported by its cash-flow. Also, the decline sent shares to levels last seen in 2010, the lows from the financial crisis.
In 2010, shares found a bottom after three years of declines and increased two